Baloise buys Belgian insurer Fidea

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Baloise

The insurer wants to buy the insurer Fidea for 480 million euros.


(Photo: AP)

ZurichSwiss insurer Baloise is expanding its business in Belgium through a takeover. According to data from Monday, the group from Basel is acquiring insurer Fidea NV from the Chinese Anbang Insurance Group for 480 million euros. Fidea achieved a premium volume of 351.6 million Swiss francs in the financial year 2018.

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Insurance (t) Baloise (t) Fidea NV (t) Anbang Insurance Group (m) Mergers & Acquisitions M & A (t) Insurance Supervision (t) Foreign Investment (t) Foreign Investment by Country (t) Business Organization (t) Anbang (t) Insurance (t) Life insurance (t) Property insurance & liability insurance (t) Legal expenses insurance (t) Reinsurance (t) Industry analysis

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